$5,936 Closing Credit*
$499,900
2,369 SqFt
6 Beds
•3 Full Baths, 1 Partial
Timothy Groves, Listing Office: Coldwell Banker Groves Real Estate
Is Allen, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, Allen has remained a Seller's Market.
Key Takeaway
Allen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Allen, MI
How much do homes in Allen, MI cost?
Median Sold Price
$245,000
$107/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$75,000(+44.1%)
Key Takeaway
Homes in Allen have sold for 44.1% more than they did a year ago.
Summary: The median home sold price in Allen was $245,000 in September 2024, up 44.1% from last year, and the median price per square foot was $107.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $170K | - | N/A |
| 2 Bedrooms | $147.2K | - | N/A |
| 3 Bedrooms | $380K | $165K | -56.6% |
| 4 Bedrooms | $135K | $267K | +97.8% |
| 5+ Bedrooms | $312K | $322.4K | +3.3% |
Summary: Allen housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 56.6%, 4 bedroom homes increased by 97.8%, and 5+ bedroom homes increased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Allen | $170K | $245K | +44.1% |
| Allen Township | $197.5K | $215K | +8.9% |
Housing Supply in Allen, MI
How many homes are available in Allen, MI?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Summary: The Allen real estate market had 11 homes for sale in September 2024, a 8.3% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 6 | 6 | 0.0% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Allen housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Allen, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Allen in September 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 67% were sold at asking, and 0% were sold over asking.
Days on Market for Allen, MI
How long does it take to sell a home in Allen, MI?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 40 Days | 67 Days | +64.8% |
Summary: Homes in Allen had an average of 67 days on market in Sep 2024, up by 64.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Allen are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 3 homes were sold in Allen; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
